Mobilcom AG
MobilCom AG english
MobilCom finally free of UMTS debts
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
——————————————————————————–
MobilCom finally free of UMTS debts
As of today, MobilCom AG is definitively rid of its entire UMTS-related debt. A
contract for France Télécom to underwrite MobilCom’s outstanding debt was signed
yesterday by the lending banks, Nokia and Ericsson on the one hand and by France
Télécom on the other. Under the terms of this contract, as of today, France
Télécom waives all accounts outstanding with MobilCom. This contract also
fulfils the final condition for the settlement agreement between MobilCom and
France Télécom. Freed of these financial burdens, MobilCom can now concentrate
fully on reorientating the company. This means MobilCom is freed of debts
amounting to EUR 7.1 billion, of which EUR 4.8 billion consist of loans to
finance the company’s UMTS license and EUR 1.3 billion from suppliers loans.
France Télécom has also released MobilCom from a further EUR 1.0 billion in
company loans.
end of ad-hoc-announcement (c)DGAP 04.03.2003
——————————————————————————–
WKN: 662240; ISIN: DE0006622400; Index: NEMAX 50
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin,
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart; EUREX
041118 Mär 03
Latest News
Latest Reports
Upcoming Events
No Events found
Webcasts
No Webcasts found